Searches And Hires
The foundation added an international large-cap equity allocation after revising its asset allocation last year.
The new domestic small- to mid-cap core equity allocation will complement the retirement system’s existing small-cap manager.
The city received six proposals in response to an RFP issued in February.
The investment division has awarded a contract in its real estate consulting services search launched in January.
The foundation has added several managers focused on environmental or social impact to its portfolio over the past year.
The environmental nonprofit Fund has issued an RFP seeking a fund manager to oversee a sustainability-focused impact investment vehicle targeting dairy farms across the U.S.
The institution approved a financing agreement for an up to 10% stake in a company developing a new retinoid therapy.
The retirement fund’s investment committee also restructured its domestic equity portfolio to help meet impending sustainability goals.
The retirement fund has disclosed $215 million in recent alternatives commitments.
The program has opted to extend its general investment consultant contract rather than issue an RFP.